Countryside Properties and Cambridgeshire Horizons Announce Innovative Equity Investment

12533 HR Great Kneighton phase oneCountryside Properties and Cambridgeshire Horizons are delighted to announce an innovative equity investment to facilitate Cambridge’s new development at Great Kneighton (known during the planning process as Clay Farm and Glebe Farm). The investment from Cambridgeshire Horizons is on behalf of the local authorities and uses Housing Growth Funding from Communities and Local Government. The funding will ‘pump-prime’ the delivery of infrastructure for the first phases of housing. This has enabled work to start on site already, and Countryside’s project team is focused on the construction of the roads and services to enable house building to start in January.

Countryside Properties has already achieved detailed planning permission for the first phase of Great Kneighton, together with outline planning permission for the entire site, which together will deliver 2,550 much-needed mixed-tenure homes for Cambridge.

The development, to the south of the city, will provide a well-designed sustainable garden suburb, having been prepared in close collaboration with Cambridge City Council and other stakeholders. Great Kneighton will provide the setting that will become home to more than 5,800 people, in high quality, vibrant new neighbourhoods, enjoying new schools, shopping, parks, recreational and community facilities with new and improved transport connections, including an extensive footpath / cycleway network. The settlement will aspire to the kind of standards set out in the Cambridgeshire Quality Charter for Growth.

A wide range of new homes will be built with a significant proportion of affordable housing. The majority of the new homes will be houses with gardens. A major new public open space of 120 acres will be provided between Hobson’s Brook and the railway line containing new wetland, balancing ponds, allotments and formal sports pitches. In addition, there will be informal recreational space and play areas throughout the developments. The wetland area will be provided in the early stages of development and it will become a major habitat for wading birds, as well as a valuable public amenity.

Robin Hoyles, Subsidiary Managing Director, Countryside Properties, says: “We are delighted to have started on site and we very much welcome the investment support and the imaginative approach of Cambridgeshire Horizons to introducing public sector funding into the development, on behalf of the local authorities.”

Alex Plant, Chief Executive of Cambridgeshire Horizons, says: “We are delighted to have been able to pioneer a new way of using Housing Growth Funding. This will enable early delivery of much-needed new homes, infrastructure, and community facilities at this key location close to the City Centre and the expanding Addenbrookes Hospital.”

Great Kneighton is well located in relation to the city centre, Addenbrooke’s Hospital, Trumpington village and the local public transport network. The Addenbrooke’s Access Road will provide the main access into the development from the south, via a new roundabout, while a new signalised junction on Long Road will afford access from the north. The development will be served by the Cambridge Guided Bus (CGB) which runs directly through the site, including a stop close to the centrally located neighbourhood centre. The CGB will serve key parts of the new development, and be accessible to all residents within the village of Trumpington.

At the heart of the project will be an attractively designed central square hosting essential neighbourhood facilities including a new community/health centre, library, shops, offices and transport hub. From here the new and wider community will be able to gain direct access to Addenbrooke’s Hospital and the Cambridge railway station via the CGB, complemented by a conventional bus route running throughout the site.

Great Kneighton has been designed to respect the existing character of the site and to successfully integrate with surrounding communities. There will be extensive open space and new landscaping that will promote an enhanced, interconnected environment. There will be new allotments and a contribution will also be made to public art.

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One Response to “Countryside Properties and Cambridgeshire Horizons Announce Innovative Equity Investment”

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